Suffolk Federal Credit Union d/b/a Suffolk Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Suffolk Federal Credit Union d/b/a Suffolk Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 485991 | Special Needs Transportation | 1 | $250K | $250K | 25.0% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 1 | $250K | $250K | 25.0% |
Geographic Distribution
SBA lending activity for Suffolk Federal Credit Union d/b/a Suffolk Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 4 | $650K | 100.0% |
Why Choose Suffolk Federal Credit Union d/b/a Suffolk Credit Union?
Based on SBA 7(a) lending track record from 2007-2008
- ✓Proven Track Record: 4 SBA loans approved, totaling $650K in financing
- ✓Industry Expertise: Specialized focus on Special Needs Transportation, Other Miscellaneous Durable Goods Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $50K to $250K, with an average of $163K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NY
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Suffolk Federal Credit Union d/b/a Suffolk Credit Union SBA lending
What types of businesses does Suffolk Federal Credit Union d/b/a Suffolk Credit Union typically finance?
Suffolk Federal Credit Union d/b/a Suffolk Credit Union specializes in SBA 7(a) lending to specific industries including special needs transportation, other miscellaneous durable goods merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Suffolk Federal Credit Union d/b/a Suffolk Credit Union's typical SBA loan terms?
Suffolk Federal Credit Union d/b/a Suffolk Credit Union's SBA 7(a) loans typically feature an average interest rate of — and average term length of 102 months (approximately 9 years). Loan sizes range from $50K to $250K, with an average loan size of $163K.
Do I need a business valuation for a Suffolk Federal Credit Union d/b/a Suffolk Credit Union SBA loan?
Yes, Suffolk Federal Credit Union d/b/a Suffolk Credit Union typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Suffolk Federal Credit Union d/b/a Suffolk Credit Union compare to other SBA lenders?
Suffolk Federal Credit Union d/b/a Suffolk Credit Union has originated 4 SBA loans totaling $650K since 2007. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Suffolk Federal Credit Union d/b/a Suffolk Credit Union lend in?
Suffolk Federal Credit Union d/b/a Suffolk Credit Union provides SBA 7(a) financing with particularly strong presence in NY. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.